Market Roundup

COMPANIES

• Maruti targets export of 4 lakh cars by 2010
• Reliance Comm. asks DoT for pan-India GSM spectrum
• Essel Group steps onto UNI board
• ACC to make Rs1100-cr investments in the eastern region
• Galvanised steel prices move up by Rs500-1000/tn
• GE Shipping to buy Capesize dry bulk carrier
• Adlabs to acquire Synergy Communications
• Royal Philips to focus on BRIC countries
• Godrej & Boyce announces unified furniture brand Interio
• Hindustan Lever sells majority stake in BPO unit to Capgemini
• ONGC clears Rs2,305-cr investment for Mumbai offshore fields
• Progeon renamed as Infosys BPO

• Cabinet clears 5 per cent hike in DA for Central govt staff
• Govt clears redesign of Bangalore int'l airport
• Cabinet clears Patna's rail-cum-road bridge project

• Rupee weakens
• Norms issued for financial entities investing abroad
• SVC bank completes acquisition of Mahavir Co-op Bank
• Lord Krishna Bank staff on indefinite strike

• HDFC Rs3,240 crore investment in realty gets Govt. clearance
• Baring Asia targets mid-sized companies with PE Fund III

• Report: Revenue 'leakage' of telcos at $176bn a year
• Alcatel, Lucent shareholders approve merger

• IICT chief, Dr. J.S.Yadav honoured
• Rajan Ghotgalkar is new country head for Principal Intl
• Top Jet executives quit